[b][SANDY, 12/26/2017][/b] - Medical bills rank high on the list of reasons Americans file for bankruptcy. Utah Bankruptcy Professionals assists individuals laden with medical debt in filing for a Chapter 7 bankruptcy.

[b]Struggling with Medical Debt[/b]

The Kaiser Family Foundation (KFF) says more than a quarter of adult Americans struggle to pay off their medical bills. In fact, medical debt was a top reason individuals file personal bankruptcy in the country, with an estimated 40% of Americans racking up debt from a medical issue in 2014.

Insured individuals, surprisingly, are also having a trouble keeping up with medical debt. A report by The New York Times revealed that 20% of Americans aged 65 and below who have health insurance had a hard time paying their medical bills over the past year. Out of the respondents, 63% claim to have exhausted most if not all of their savings to take care of their healthcare expenses, while some 42% had to take on an extra job to cover the costs.

Many individuals dealing with medical debt consider filing for Chapter 7 bankruptcy. This type refers to the liquidation of non-exempt assets, which clears unsecured debt including medical bills, among others.

[b]Filing for Chapter 7 Bankruptcy[/b]

Chapter 7 bankruptcy ceases lawsuits, collections, and garnishments following filing and best suits low-income individuals who have meager to no assets.

Chapter 7 bankruptcy takes only as little as three months before a discharge order can be issued. Yet, many individuals may find the process of filing for Chapter 7 bankruptcy daunting, as qualifications for Chapter 7 bankruptcy, however, vary from one state to another. In. Hiring a bankruptcy attorney to help with the process can help make it less overwhelming.

[b]Helping Individuals Overcome Medical Debt[/b]

Individuals looking to find relief from medical debt may turn to Utah Bankruptcy Professionals. The company offers their expertise in Chapter 7 bankruptcy in helping individuals who are falling behind on medical bills receive a much-needed breather.

They help clients get back on their feet by adjusting the cost of their services based on the case’s complexity and the client’s ability to pay. They operate to make the process of filing for bankruptcy easy, stress-free, and affordable for clients looking to rebuild their credit.

[b]About Bankruptcy Professionals[/b]

Founded by Jody Lamb Howe, Utah Bankruptcy Professionals represents individuals and businesses looking to file a Chapter 7 or 13 bankruptcy case.

Jody has more than three decades of experience in the industry, and she has a team of veteran attorneys who help reduce and consolidate clients’ debts as the first steps to achieving financial security.

To learn more or to schedule a free consultation, visit www.utahbankruptcy.com.